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Sunday, 12/05/2021 3:10:29 PM

Sunday, December 05, 2021 3:10:29 PM

Post# of 11029
I said it before, I'll say it again, they are going to still need to raise $. as long it isn't toxic, which that should hopefully be over, the company has a couple years of operations now. Most lenders won't touch a start up unless they are getting a massive discount.
If they file an S1 or something to help with the company's financial requirements to get the construction loans they need to grow. S1 still dilution, but at a much lower discount to market. As long as the dilution, equals Land Acquisitions and adds assets to the
balance sheet, it a lot better than the crazy discounts there has been.
If these builds are costing $1.8m or so from what their PRs have read, if they sell at appraisal value, which the Real Estate Market is Selling much higher, but even at appraisal value at $3.3m , that's $1.5m profit per property. If they sell for the $4.25m they have it listed for,
that's $2.45m profit per property!
If these numbers are achievable I don't have an issue with dilution for land Acquisitions along as it's only for 2022. they should be able to scale this thing throughout 2022 to have 8 to 10 properties in the works.. JMO.
After that they should be able to continue growth with the profits.
I guess we will see. ...
Best luck to all.
Again, just my honest opinion...